MAS review group disappoints, then delivers
Some market watchers may worry demand-side measures such as the S$5 billion EQDP are the wrong place to start, but the review group has made it clear it will not stop there
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THE acid test for the first set of measures to revitalise the Singapore market could be whether the local bourse operator’s share price rebounds this week.
The Singapore Exchange (SGX) has been on a roller-coaster ride over the past month. Its shares shot up following a strong earnings report on Feb 6, but subsequently fell back on concerns about the equities market review group formed by the Monetary Authority of Singapore (MAS).
Specifically, the worry was that the review group would deliver little more than tax incentives to draw listing candidates and investors to the local market.
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